Brokerages Expect Ralph Lauren Corp (RL) Will Announce Quarterly Sales of $1.49 Billion

Equities research analysts expect that Ralph Lauren Corp (NYSE:RL) will post sales of $1.49 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Ralph Lauren’s earnings. Ralph Lauren posted sales of $1.57 billion during the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings results on Thursday, May 17th.

According to Zacks, analysts expect that Ralph Lauren will report full-year sales of $1.49 billion for the current year, with estimates ranging from $6.14 billion to $6.15 billion. For the next year, analysts anticipate that the firm will report sales of $6.12 billion per share, with estimates ranging from $6.03 billion to $6.20 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ralph Lauren.

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Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.16. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis.

A number of equities research analysts have weighed in on RL shares. ValuEngine upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Ralph Lauren from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Tuesday, February 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $113.00 price objective on shares of Ralph Lauren in a report on Friday, February 2nd. Telsey Advisory Group lifted their price objective on Ralph Lauren from $109.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Finally, Nomura lifted their price objective on Ralph Lauren from $92.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Ralph Lauren presently has a consensus rating of “Hold” and an average target price of $97.17.

Large investors have recently made changes to their positions in the stock. Zeke Capital Advisors LLC purchased a new position in Ralph Lauren during the 4th quarter valued at about $201,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Ralph Lauren during the 3rd quarter valued at about $209,000. Cigna Investments Inc. New purchased a new position in Ralph Lauren during the 4th quarter valued at about $214,000. Jump Trading LLC purchased a new position in Ralph Lauren during the 4th quarter valued at about $217,000. Finally, First Allied Advisory Services Inc. purchased a new position in Ralph Lauren during the 4th quarter valued at about $223,000. Institutional investors own 73.64% of the company’s stock.

NYSE RL traded up $1.76 during trading hours on Tuesday, reaching $111.80. 668,798 shares of the stock traded hands, compared to its average volume of 695,563. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9,088.11, a price-to-earnings ratio of 19.58, a PEG ratio of 1.83 and a beta of 0.69.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.79%. Ralph Lauren’s dividend payout ratio is presently 35.03%.

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About Ralph Lauren

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

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